Friday, March 8, 2013

STI - The Only Red Index



This morning, I blogged about not longing and the past few days I warned about the volatility of the market.
http://stockmarketmindgames.blogspot.sg/2013/03/the-secrets-to-pennies-trading-seminar_8.html

During this kind of market conditions, the only best way to make money is by day trading and it doesn't mean that when Dow is green, then STI would go green. Today STI was the only index that went into red territory at closing while all others were greenish. As you can also witnessed, most penny stocks like WE Holdings, Contel Corp and YHM all came off sharply. I shall talk more tomorrow during the seminar because this represents one of the most difficult market to trade of all time. I shall not do anything now to preserve capital.

Ronald K - Market Psychologist - The Big Speculator